Vietnam: Formosa Plastics plans to invest up to US$15bil in a large scale petrochemical complex.Byline: manish03 Taiwan s Formosa Plastics Formosa Plastics Corporation (Traditional Chinese: 台灣塑膠公司; lit. "Taiwan Plastic Company") is a Taiwanese company based in Taiwan that primarily produces polyvinyl chloride (PVC) resins and plans to invest up to US$15bil in a large scale petrochemical complex in central Vietnam, a state-run newspaper reported yesterday. The government had approved the project, the Vietnam Investment Review reported. The report also quoted Vo Kim Cu, vice chairman of the central province of Ha Tinh s People Committee, as saying the province had agreed to provide a 1,000ha site for the petrochemical project. Construction of the complex is expected to start in 2010, the report quoted Cu as saying. In September, state oil group Petrovietnam and Siam Cement The Siam Cement Public Company Ltd. is a large cement company in Thailand. It is listed on the Stock Exchange of Thailand (trading symbol: SCC). It was founded under the Royal Decree of King Vajiravudh in 1913. , Thailand s top industrial conglomerate, began construction of another joint-venture petrochemical complex in the southern province of Ba Ria Bà Rịa - a town in Bà Rịa–Vũng Tàu Province in the south of Vietnam. Coordinates: Vung Tau Vũng Tàu pronunciation is a city in southern Vietnam. Its population in 2005 was 240,000. The city area is 140 km² (54 square miles) including 13 urban wards and one village. at a cost of US$3.77bil. Copyright : Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |
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